BAGHDAD: Iraqi oil explorer Gulf Keystone faced losses after a year when oil production stopped due to an unpaid £140million bill.
Pre-tax losses at the Kurdistan-focused firm rose from £22million to almost £170million last year.
During the year founder and chief executive Todd Kozel left the firm following a disagreement with a shareholder, and only days ago former Glencore boss Simon Murray quit the chairman’s post.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
